This video will give you a run through of the different sections of the TDS (Transfer Disclosure Statement) form use in the State of California.
Note that the SPQ (Seller Property Questionnaire) is not a substitute for the TDS (Transfer Disclosure Statement) but a means for the sellers to provide additional information about the condition of the home.
Word to the wise- Avoid using phrases such as: “In good condition”, ”All looks great”, ”Nice size living room” .. Such statements can be subjective and possibly challenged.
This is probably the most misconceived disclosure we come across during escrow.
The SBSA (Statewide Advisory for Buyer and Sellers) Is a total of 14 pages and addresses the following topic...
In California, it's customary for the seller to pay for the installation of smoke alarm detectors, carbon monoxide and water heater bracing.
For your review, you can find a copy of the booklet on...
Note that after the delivery of the Lead Based Paint Hazards Disclosure (FLD), the buyer has 10 days, unless otherwise agreed in the purchase agreement to conduct a paint inspection or a risk assessment.
It is advisable to still deliver a copy of The Homeowner's Guide to Earthquake Safety Booklet in all real estate transactions even if the property is built after 1960 as it covers the steps to take before, during and after an earthquake.
As a real estate agent, you present information and guide your clients based on sales data mostly from the MLS. Such data can sometimes be delayed and prices may go up or down faster than you were expecting.